FIRST TRAVEL ApS

APSBankrupt

CVR 27170447Lyngbyvej 20, 2100 København ØTour operator activities· NACE 7912Est. 2003 · 23 years old1 employees

Overview

FIRST TRAVEL ApS is a Danish APS based in København Ø, operating in the Tour operator activities sector. Incorporated in 2003, the company has 1 employee and reported a gross profit of DKK 589.8k in its latest annual filing.

Gross profit 2016

0.6M DKK

−84% vs 2015

EBITDA margin (of gross profit)

−588.9 %

−3319% vs 2015

Net profit 2016

-3.6M DKK

-45184% vs 2015

Key ratios

See full ratios →

19.7 %

Weak

Among the 40% lowest rated companies in the industry

20122016

0.2×

Very weak

Among the 20% lowest rated companies in the industry

20122016

-88.0 %

Very weak

Among the 10% lowest rated companies in the industry

20122016

EBITDA — year on year

DKK thousands

Key figures

Annual report 2016

Gross profit	0.6M DKK	-84%
EBITDA	-3.5M DKK	-3319%
Net profit	-3.6M DKK	-45184%
Total assets	4.1M DKK	-32%
Equity	0.8M DKK	-82%
Employees	1	—

Financial development

In its most recent annual report (2016), FIRST TRAVEL ApS reported a gross profit of DKK 589.8k, a decrease of 84% on the year before. The figures on this page draw on 5 annual filings covering 2012 to 2016. The bottom line showed a net loss of DKK 3.6m, and the EBITDA margin stood at -588.9%.

At the end of 2016, equity financed 19.7% of the balance sheet, and current assets covered short-term debt 0.2 times.

Financials

Revenue

DKK millions

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2016	2015	2014	2013	2012
Revenue	590	3,791	17,102	19,961	17,671
Staff expenses	-4,063	-3,683	-3,048	-1,982	-1,211
EBITDA	-3,473	108	259	384	208
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-3,473	108	259	384	208
Net financials	-111	-104	-103	-89	-71
Profit before tax	-3,584	4	156	295	137
Tax	-0	12	51	83	38
Net profit	-3,584	-8	106	212	99

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Balance sheet

DKK thousands

Item	2016	2015	2014	2013	2012
Total assets	4,074	6,020	6,049	4,739	4,506
Equity	802	4,386	2,672	2,606	2,351
Long-term debt	0	0	0	0	0
Short-term debt	3,273	1,634	3,214	1,969	1,992
Total debt	3,273	1,634	3,214	1,969	1,992

Financial ratios

5-year trend

EBITDA margin

-588.9 %

20122016

Equity ratio

19.7 %

Weak

Among the 40% lowest rated companies in the industry

20122016

Return on equity

-447.0 %

Very weak

Among the 10% lowest rated companies in the industry

20122016

Net profit margin

-607.7 %

20122016

Asset turnover

0.14×

20122016

Debt / equity

4.08×

Very weak

Among the 20% lowest rated companies in the industry

20122016

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Very weak

Among the 10% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very weak

Among the 10% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very weak

Among the 10% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Very weak

Among the 10% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery weak

Among the 20% lowest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Liquidity

Current ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioVery weak

Among the 20% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityStrong

Among the 40% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery weak

Among the 10% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioWeak

Among the 40% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioWeak

Among the 40% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 40% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityVery weak

Among the 20% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityVery weak

Among the 20% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery weak

Among the 10% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 10% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 20% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 30% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery weak

Among the 10% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery weak

Among the 10% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 20% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2016
Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
View PDF
Annual report 2015
Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
View PDF
Annual report 2014
Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
View PDF
Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (4)


HZ Hui Zhang Chief Executive Officer	Chief Executive Officer	2013 – 2017
WQ Weimin Qi Management	Management	2003 – 2004
XL Xiaoqing Li Management	Management	2004 – 2013
HZ Hui Zhang Unofficial title	Unofficial title	2007 – 2017

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Sheng Chao Chen	Individual	33.33–49.99%	33.33–49.99%	2016
Hui Zhang	Individual	50–66.65%	50–66.65%	2016
Liwu Wang	Individual	10–14.99%	10–14.99%	2016

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of FIRST TRAVEL ApS also hold positions in 4 other companies.

Person	Role here	Other companies
Hui Zhang	Chief Executive Officer	3 companies
Xiaoqing Li	Management	1 company

Frequently asked questions

What is the CVR number of FIRST TRAVEL ApS?

FIRST TRAVEL ApS is registered with CVR / Virk under CVR 27170447.

What is the gross profit of FIRST TRAVEL ApS?

FIRST TRAVEL ApS reported a gross profit of DKK 589.8k in 2016.

How many employees does FIRST TRAVEL ApS have?

FIRST TRAVEL ApS employs 1 people as of the latest annual report.

Where is FIRST TRAVEL ApS headquartered?

FIRST TRAVEL ApS's registered address is Lyngbyvej 20.